In India, it is not unusual for the rich to receive more welfare money than the poor. As India’s Finance Ministry noted in its annual economic survey released in January, the problem is “almost intrinsic” to the country’s anti-poverty and social programs . Much of the money is funneled through India’s convoluted bureaucracy and ends up “leak[ing] to non-poor and…corrupt local actors.” But a new idea, the ministry suggests, could ensure that funds for the poor actually reach the poor: a universal basic income.
The decision to simply hand out cash to everyone is not new and, of course, quite […]
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